According to TechFlow, on October 25, Bloomberg reported that an industry group composed of mainstream financial institutions in Japan released a recommendation report on cryptocurrency exchange-traded funds (ETFs). The group called for priority consideration of major tokens such as Bitcoin and Ethereum when discussing the possibility of allowing cryptocurrency ETFs.

The report pointed out that Bitcoin and Ethereum, with their large market capitalization and "stable historical records", are more suitable for investors to "conduct medium- and long-term asset allocation." This recommendation is intended to provide a reference for Japanese regulators to decide whether to follow the practice of overseas markets in allowing cryptocurrency ETFs.